We often take for granted the equipment we use in our everyday operations, until something happens. Equipment Coverage is also often times excluded from policies, or its forgotten when you are trying to get protected. What happens if your facility is destroyed? Who covers the equipment inside? Equipment insurance is coverage added onto your property policy which adds protection for your equipment. In the event the equipment gets damaged or lost due to fire, theft and vandalism, within your facility, your policy will pay for a replacement or for the repairs.
Equipment coverage is an additional protection that should go hand in hand with your property coverage, and equipment breakdown coverage. It’s important not to mistake equipment breakdown coverage and equipment coverage. Equipment breakdown will not cover damage cause by outside factors, like fire or vandalism.
Let one of our expert agents at Cover Cannabis better explain the different types of coverage available to protect your equipment.
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